HONG KONG, 10 February 2023 – Lianhe Ratings Global Limited (“Lianhe Global”), an international credit rating company, has assigned ‘BBB’ global scale Long-term Issuance Credit Rating to the senior unsecured bonds (“the Bonds”) to be issued by Taixing Zhiguang Environmental Protection Technology Co., Ltd. (“TZEPT”; ‘BBB-/Stable’). The Bonds are unconditionally and irrevocably guaranteed by TZEPT’s direct controlling shareholder, Taixing Zhongxin Investment Group Co., Ltd.’s (“TZIG”; ‘BBB/Stable’).
TZEPT intends to use the net proceeds from this offering for project construction and supplement of working capital.